In May British retail sales tumble

In May British retail sales tumble

In May, British retail sales dropped more than expected as official data demonstrated on Thursday.

The UK Office for National Statistics told that in May retail sales headed south 1.2% from the previous month, unlike the previous 2.5% gain, which was revised from an initial 2.3% soar.

Financial experts had expected May’s outcome to edge down by 0.8%.

Year-on-year, retail sales went up 0.9% the previous month, compared to predictions for surge of 1.7%. April’s reading was revised upward to 4.2% from the previous 4% leap.

Core retail sales, excluding fuel and car sales inched up by 1.6% in May, compared to the previous 2.2% jump that was updated upward from the first soar of 2%.

Financial experts had expected core retail sales to decrease by 0.8% the previous month.

Year-on-year, in May core retail sales added 0.6%, unlike the previous month’s 4.6% soar and the consensus prediction for a 1.9% soar.

Meanwhile, in May American retail sales edged down.

 

 

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera